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Key people at Exigen Group.
Exigen Group was a San Francisco, California-based technology company that provided business process automation software and IT outsourcing services to the insurance and financial sectors. The enterprise software provider scaled its operations to generate between $50 million and $60 million in annual revenue during the mid-2000s while maintaining a global workforce of over 800 employees. To support its expansion, the company raised $62 million in total venture capital funding through rounds including a Series D financing round. Its core software products and business process utilities were utilized by major corporate customers, including AIG, Citigroup, Mastercard, Prudential, and VISA. The organization eventually restructured, with its insurance division rebranding as EIS Group and its remaining IT services business being acquired by Emergn in 2018. Exigen Group was founded in 1999 by Alec Miloslavsky and Greg Shenkman.
Key people at Exigen Group.
Exigen Group is a global IT services and business process software provider founded in 1999, specializing in aligning IT with business strategies to deliver economic value through consulting, automation, and custom solutions for industries like insurance, banking, capital markets, and communications.[1][2][3] Headquartered originally in San Francisco (with later operations in Philadelphia and global offices), it served over 300 corporations worldwide, employing over 2,000 people across 15 countries at its peak, and raised $62M in Series D funding.[1][2][3] The company focused on business process utilities (BPU) to optimize core operations, reducing costs and enabling faster market responses via innovative IT 2.0 models that tied contracts to client economic outcomes.[2][3]
Over time, Exigen evolved through acquisitions (e.g., SoftwareHouse, DATI, Taihoo Technology) and a 2013 merger with Return on Intelligence, before its core services were acquired by Emergn in 2018; a separate insurance software arm spun off in 2015.[3] Note that "Exigen Group" also refers to distinct UK entities: Exigen Ltd (2000-founded digital firm for courier/ecommerce software like Iridium) and Exigen Group Limited (2005-founded financial/insolvency services firm, formerly SFP Restructuring).[4][5][6] This overview centers on the primary IT firm matching the query's global scale.[1][2][3]
Exigen Group was founded in 1999 by Alec Miloslavsky and Greg Shenkman, serial entrepreneurs from Genesys Labs (sold twice for over $1B, most recently to Permira).[3] Starting in San Francisco as a privately held company, it targeted inefficiencies in business processes for services industries, particularly insurance and financial services, by developing Business Process Utilities (BPU)—automation solutions to cut operational costs and drive revenue.[1][2][3]
Early growth involved acquisitions like Latvia's SoftwareHouse (high-tech R&D) and DATI (Baltic systems development), plus China-based Taihoo in 2009, expanding delivery capabilities.[3] Pivotal moments included stable expansion to sectors like media, government, and high-tech (clients: Sun Microsystems, Intel, Adobe), and a 2013 merger with Return on Intelligence, leading to rebranding efforts and Global Services 100 recognition.[3] By 2015, its insurance solutions (IPB, EIS Suite) separated; remaining operations joined Emergn in 2018.[3]
Exigen Group's standout features centered on IT-business alignment and risk-minimized delivery:
These elements prioritized predictable value over pure development, minimizing execution risks.[2]
Exigen rode the early 2000s wave of business process outsourcing (BPO) and IT transformation, capitalizing on Y2K-era demand for efficient, scalable IT in financial services amid globalization and regulatory pressures (e.g., insurance automation).[1][3] Its timing aligned with offshoring booms—acquiring Eastern European/Asian firms tapped low-cost talent pools while U.S. HQ ensured enterprise trust, influencing the IT services ecosystem by pioneering "IT 2.0" outcome-based models that prefigured modern DevOps and agile consulting.[2][3]
Market forces like rising IT complexity for Global 2000 firms favored its approach, enabling integrations for high-profile clients and sectors like logistics/high-tech.[3] Post-merger integrations (e.g., Emergn, insurance spin-off) extended its legacy into agile consulting and core banking/insurance software, subtly shaping fintech process optimization amid digital transformation trends.[3]
Exigen Group's influence peaked as an innovator in aligned IT delivery but fragmented post-2018 via acquisitions and spin-offs, with its models absorbed into larger players like Emergn—legacy teams likely drive ongoing insurance/fintech projects.[3] Recent data on a U.S. IT entity named Exigen Group shows revenue growth to $32.7M in H1 2025 (up from $29.5M prior year), hinting at stabilized operations or successor stability amid credit rating recoveries.[7]
Looking ahead, trends like AI-driven automation and cloud-native BPU (echoing its BPU roots) could revive similar models; expect its alumni/network to fuel fintech efficiency plays. For the UK variants, Exigen Ltd thrives in ecommerce logistics via Iridium amid e-commerce surges, while the financial arm navigates insolvency waves.[4][5][6] Overall, Exigen exemplifies how early IT alignment expertise endures in fragmented ecosystems, powering today's operational resilience.
